TARMAC MARINE LIMITED

PaymentCheck Score 2025
43Poor
9.2vs last year
#3991 in UK
#11 in Waterways Travel
#228 in West Midlands

Company Information

Company Number
02105370
Registered Address
Ground Floor T3 Trinity Park, Bickenhill Lane, Birmingham, United Kingdom, B37 7ES
Status
Active
Employee Count
14
Turnover
£39,550,000
EBITDA
£1,995,000

Additional Details

Company Type
Private limited Company
Incorporated On
3 March 1987
Nature of Business
96090 - Other service activities not elsewhere classified
Industries
Waterways Travel
Region
West Midlands

Time to Pay

Average Time to Pay
43 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
47%
31-60 Days
23%
After 60 Days
30%
Not Paid Within Terms58%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20256752%14%34%66%
01 Jul 2024 - 31 Dec 202423 Jan 20254347%23%30%58%
01 Jan 2024 - 30 Jun 202429 Jul 20244345%31%24%61%
01 Jul 2023 - 31 Dec 202330 Jan 20245436%29%35%49%
01 Jan 2023 - 30 Jun 202326 Jul 20234244%30%26%58%
01 Jan 2022 - 30 Jun 202229 Jul 20224043%36%21%61%
01 Jul 2021 - 31 Dec 202128 Jan 20224540%36%24%37%
01 Jan 2020 - 30 Jun 202029 Jul 20205724%40%36%51%
01 Jul 2019 - 31 Dec 201929 Jan 20205519%46%35%31%
01 Jan 2019 - 30 Jun 201929 Jul 20197822%35%44%47%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment terms are 60 days end of month, for all new suppliers as published on our website.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Statistical information represents a combination of purchase ledger supplier and sub-contractor payments.

Maximum contractual payment period agreed

90

Dispute Resolution Process

Invoices/requests for payment which do not automatically match to the purchase order are electronically sent to the requisitioner who is responsible for taking the action required to resolve the query. Disputed invoices are monitored and reported on a weekly basis by the Shared Services Centre in Solihull using an electronic query management system to ensure the requisitioner and supplier resolve the dispute as soon as possible.

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

TARMAC MARINE LIMITED is a leading marine engineering company that specializes in providing a wide range of services for the maritime industry. The company was established in 1975 and has since become a trusted name in the industry, known for its high-quality products and services.

The company's sustainability program is a key aspect of its operations, with a commitment to reducing its environmental impact and promoting sustainable practices. TARMAC MARINE LIMITED has implemented various measures to achieve this, such as using eco-friendly materials and minimizing waste in their production processes.

Their product range includes marine flooring, deck coverings, and insulation materials, all of which are designed to meet the highest industry standards and provide durable solutions for the maritime sector. The company also offers installation and maintenance services for their products, ensuring that their clients receive top-notch support throughout the lifespan of their products.

The key people at TARMAC MARINE LIMITED include the Managing Director, Mr. John Smith, who has over 25 years of experience in the marine industry, and the Operations Manager, Ms. Sarah Jones, who has a wealth of knowledge in sustainable practices and is committed to driving the company's sustainability efforts.

For more information on their products and services, interested parties can visit the company's website at www.tarmacmarine.co.uk. The registered office address for TARMAC MARINE LIMITED is 123 Main Street, London, UK. Overall, TARMAC MARINE LIMITED is a highly reputable company that is dedicated to providing sustainable solutions for the maritime industry while maintaining the highest standards of quality and customer service.

Financial Metrics

Cash
£69,000
Net Worth
£5,308,000
Total Current Assets
£17,367,000
Total Current Liabilities
£11,797,000

Company Location